The Heritage Foundation of Williamson County TN

Analysis

The Heritage Foundation of Williamson County TN is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Heritage Foundation of Williamson County TN reported income of $7.8m and spending of $7.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $7.8m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Heritage Foundation of Williamson County TN sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Oak Crest Institute of Science ($7.8m), American Sociological Association ($7.8m) and Henry Morrison Flagler Museum ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $272k (3.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $30.8m against liabilities of $13.3m, net assets of $17.5m. It reported 71 employees.